Microtips Technology Earnings Estimate
Microtips Technology Earnings per Share Projection vs Actual
About Microtips Technology Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Microtips Technology earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Microtips Technology estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Microtips Technology fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.Microtips Technology Inc. designs, develops, manufactures, and sells LCD modules, PCB assemblies, and professional audio and video design and assembly products worldwide. Microtips Technology Inc. was founded in 1990 and is headquartered in New Taipei City, Taiwan. MICROTIPS TECHNOLOGY operates under Semiconductors classification in Taiwan and is traded on Taiwan OTC Exchange.
Pair Trading with Microtips Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Microtips Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Microtips Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Microtips Stock
Moving against Microtips Stock
| 0.58 | 2412 | Chunghwa Telecom | PairCorr |
| 0.55 | 6488 | GlobalWafers | PairCorr |
| 0.5 | 2303 | United Microelectronics | PairCorr |
| 0.44 | 5347 | Vanguard International | PairCorr |
| 0.4 | 6770 | Powerchip Semiconductor | PairCorr |
The ability to find closely correlated positions to Microtips Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microtips Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microtips Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microtips Technology to buy it.
The correlation of Microtips Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microtips Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microtips Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microtips Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Microtips Stock Analysis
When running Microtips Technology's price analysis, check to measure Microtips Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Microtips Technology is operating at the current time. Most of Microtips Technology's value examination focuses on studying past and present price action to predict the probability of Microtips Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Microtips Technology's price. Additionally, you may evaluate how the addition of Microtips Technology to your portfolios can decrease your overall portfolio volatility.